Tag
Distributable income for the second half declines 9.3% to S$22 million, from S$24.3 million First Real Estate Investment Trust (Reit)’s distribution per unit (DPU) for the second half of…
Indonesia’s rupiah has been under sustained pressure for months as investors grow uneasy about the country’s fiscal outlook and the direction of economic policy. Those concerns pushed the…
Indonesia’s rupiah hit a record low against the dollar on Tuesday as investors fretted about the country’s central bank independence after President Prabowo Subianto nominated his nephew…
The central bank is expected to keep its policy rate unchanged when it meets on Wednesday to anchor the currency Indonesia’s rupiah looks poised to weaken past a record low, analysts say,…
The bank also leaves its deposit and lending rates unchanged at 3.75% and 5.50%, respectively Indonesia’s central bank held its policy rates unchanged for a third straight meeting on…
BI’s 125 basis points of rate cuts in 2025 have also reduced the attractiveness of the country’s assets Bank Indonesia’s (BI) vow to prioritise currency stability as it tries to boost…
Indonesian sovereign wealth fund Danantara is raising an additional 12.6 trillion rupiah (S$991 million) through a debt offering to the nation’s wealthiest businesses and families,…
Redenomination can improve the country’s economic efficiency and enhance confidence in the currency but risks driving inflation In Indonesia, travellers and even locals have long grappled…
Indonesia’s finance ministry said it is planning a new bill to redenominate the rupiah in an effort to improve economic efficiency, maintain stability and improve the currency’s…
Revenue is up 7.4% at US$19.1 billion; all sectors enjoy stronger operational results Singapore-based agribusiness group Wilmar International posted a net loss of US$347.7 million for the…
INDONESIA is losing about 40 trillion rupiah (S$3.1 billion) annually to illegal tin mining and smuggling, said President Prabowo Subianto on Monday (Oct 20). The Indonesian leader ordered…
Property is a non-core legacy asset within the healthcare-focused Reit’s portfolio that was already identified for disposal First Real Estate Investment Trust (Reit) has agreed to divest…
The first two recipients could be Bank of Jakarta and East Java’s Bank Pembangunan Daerah Jawa Timur Indonesia is considering moving up to 10 trillion rupiah (S$780 million) per lender to…
The central bank is certain that currency stabilisation efforts will guide the rupiah to reflect fundamental value Indonesia’s central bank is committed to maintaining rupiah stability by…
Loss of the ‘security deposit’ in relation to an Indonesian probe could account for a 65% drop in FY2025 earnings, according to DBS and RHB estimates It was an astounding sight, when…
INDONESIAN lawmakers are weighing changes at the central bank that include a broader mandate and a lower bar for removing senior officials, heightening investor concerns about the monetary…
The rupiah hit its weakest since August 1 of 16,500 a dollar during intraday trade on Monday Indonesia’s central bank has been guiding the rupiah to a stronger level and will try…
Indonesia’s sovereign wealth fund has reported US$1 trillion in assets under management, and oversees nearly 900 state firms Indonesia’s newly established sovereign wealth fund…
Indofood Agri Resources on Friday (Aug 1) posted a 13.4 per cent rise in net profit to 337.8 billion rupiah (S$26.6 million) for its first half ended June, from 297.9 billion rupiah in the…
The Indonesian rupiah’s recent gains are set to pause in the coming month before advancing to levels last seen in December, according to the currency’s top forecaster. Emerging-market…
Indonesia has detained an employee of Trafigura Group along with seven other suspects in a case involving oil procurement by state-owned Pertamina, widening one of the nation’s largest…
The company plans to use the proceeds from its share sale to develop and expand its main infrastructure businesses by acquiring ships and funding ports and warehouse operations …
Indonesia’s central bank intervened in the foreign exchange market in a measured way on Thursday (Jun 19), an official said, after the rupiah had fallen to a one-month low against…
DBS and UOB have jointly provided a 6.7 trillion rupiah (S$530 million) loan facility to finance the development of a new data centre campus in Batam, Indonesia. The project is jointly…
